Air France-KLM on Thursday posted a full year net loss of 1.83 billion euros ($2.51 billion), much wider than analysts had expected due to a tax impairment charge, but returned to profit at operating profit level.
Operating profit came in at 130 million euros, against a loss in 2012 of 300 million. Full year revenue was up 2.3 percent and the firm cut net debt by 618 million euros. The firm said it was on track to reduce net debt towards the 2015 target of 4.5 billion euros.
It confirmed its 2014 outlook, with EBITDA expected around 2.5 billion euros.